Power Grid Corporation of India FPO (Power Grid FPO) Detail

Dec 3, 2013 - Dec 6, 2013

Incorporated in 1989, Power Grid Corporation of India Limited (PGCIL) is Indian government owned, public sector enterprise. PGCIL is in the business of transmission of electric power in India. It owns and operates a large network of transmission lines and infrastructure that constitutes most of India’s interstate and inter-regional electric power transmission system and carries electric power across India.

They are India's principal electric power transmission company. As on September 30, 2013 they owned and operated more than 90% of India’s ISTS which, inter-alia, includes interregional transmission links. They owned and operated 102,109 circuit kilometers of electrical transmission lines and 172 substations with a total transformation capacity of 172,378 MVA.

Objects of the Issue:

The object of the issue are to:

1. Carry out the disinvestment of 185,189,014 Equity Shares of 10 each by the Selling Shareholder.
2. Meet the capital requirements for the implementation of certain identified transmission projects ("Identified Projects"); and
3. General corporate purposes.

Issue Detail:

  »»  Issue Open: Dec 3, 2013 - Dec 6, 2013
  »»  Issue Type: Book Built Issue FPO
  »»  Issue Size: 787,053,309 Equity Shares of Rs 10 aggregating up to Rs 6,958.64 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs. 85 - Rs. 90 Per Equity Share
  »»  Market Lot: 150 Shares
  »»  Minimum Order Quantity: 150 Shares
  »»  Listing At: BSE, NSE

Power Grid Corporation of India Ltd FPO Tags:

Power Grid Corporation of India FPO, Power Grid FPO, PGCIL FPO Bidding, Power Grid FPO Allotment Status, Powergrid drhp and Power Grid Corporation of India Limited FPO listing.

Power Grid FPO Reviews:

  1. Power Grid Corporation of India FPO review by Dilip Davda

Issue Subscription Detail / Current Bidding Status

Number of Times Issue is Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIIEmployeeTotal
Shares Offered / Reserved392,026,655117,607,996274,418,6583,000,000787,053,309
Day 1 - Dec 3, 2013 17:00 IST0.11000.00000.00000.00000.0600
Day 2 - Dec 4, 2013 17:00 IST2.01000.00000.16000.17001.0600
Day 3 - Dec 5, 2013 17:00 IST9.09000.12000.65000.48004.7700
Day 4 - Dec 6, 2013 17:00 IST9.09009.70002.17001.31006.7400

Power Grid FPO Prospectus

Power Grid FPO Rating

Rating:Rated 4.2 stars

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Power Grid FPO Listing Date

  •   ›  Listing Date: Thursday, December 19, 2013
  •   ›  BSE Script Code: 532898
  •   ›  NSE Symbol: POWERGRID
  •   ›  Listing In: A / S&P BSE 100
  •   ›  ISIN: INE752E01010
  •   ›  Issue Price: Rs. 85.50 Per Equity Share
  •   ›  Face Value: Rs. 10.00 Per Equity Share

Power Grid FPO News Alerts

  1. Thursday, December 19, 2013 12:00:00 AM
    Power Grid Corporation of India FPO - Listing
  2. Wednesday, December 18, 2013 7:51:07 AM
    FIPO Listing - Power Grid Corporation of India
  3. Tuesday, December 17, 2013 6:54:36 AM
    IPO Allotment - Power Grid Corporation of India
  4. Tuesday, December 17, 2013 12:00:00 AM
    Power Grid Corporation of India FPO - Allotment
  5. Friday, December 6, 2013 12:19:07 PM
    Power Grid finally subscribed 6.74 times
  6. Friday, December 6, 2013 12:00:00 AM
    Power Grid Corporation of India FPO - Close
  7. Thursday, December 5, 2013 7:37:11 AM
    Power Grid FPO fully subscribed on day 3
  8. Wednesday, December 4, 2013 8:54:47 AM
    Power Grid FPO subscribed 1.06 times on day 2
  9. Tuesday, December 3, 2013 9:19:00 AM
    Power Grid FPO subscribed 0.06 times on day 1
  10. Tuesday, December 3, 2013 12:00:00 AM
    Power Grid Corporation of India FPO - Open
  11. Saturday, November 30, 2013 10:55:21 AM
    Power Grid Corporation fixes it's FPO price band
  12. Wednesday, November 27, 2013 9:21:37 AM
    Upcoming FPO - Power Grid Corporation of India

Company Contact Information

Power Grid Corporation of India
B-9, Qutab Institutional Area,
Katwaria Sarai,
New Delhi 110 016, India.
Phone: +91 (11) 2656 0112
Fax: +91 (11) 2656 4849

Power Grid FPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968

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Power Grid FPO Review / Comments

227. vikas sahu  Mar 4, 2014 4:21:35 PM IST
tell me about it
226. Vineeta Gupta  Jan 5, 2014 6:56:22 AM IST
Hi I applied for 2100 shares of power grid by online CBI ASBA in the name of a family member, my application was rejected on technical grounds. I called up the Karvy customer service helpline and sent them an email. They said the reason was "APPLICATION WITH PAN MULTIPLE". That''s what was in the system, and they can''t do anything more, and the call centre person refused to let me talk to some manager.
I don''t understand, I submitted was ONLY ONE application with the correct PAN, and the PAN number matches with what is recorded with depository participant.
I checked online allotment status with the PAN, and it is showing details and allotment for some other person in Ahmedabad.
I have written to Karvy again, but not received any reply. Can some expert suggest what to do? Will complaining to SEBI help? Thanks, Vineeta
226.1. CLD  Jan 5, 2014 8:53:59 PM IST
It seems that same PAN no is being used by another person with the same name.
First u check up actual PAN details from UTI infrastructure technology & services ltd. Then only the issue can be resolved
226.2. Vineeta Gupta  Jan 6, 2014 9:57:10 AM IST
Hi Thanks for your reply. The name of the other investor who is alloted shares is different if I do a lookup of allotment by PAN number. As individual I cannot check from UTI infrastructure technology & services ltd. However the pan number I used is correct and several past IPO and FPO have been allotted to from this PAN and same DP Account and have filed income tax returns from this PAN for several years. Any suggestions would be welcome on how to proceed with this.
226.3. navfame  Jan 6, 2014 4:19:27 PM IST
Log in to Address the matter to sebi writing i am not getting proper response from Karvy peoples. Believe me karvy H.O will contact you & tell you the reason. Forget about manager :)
226.4. CLD  Jan 6, 2014 9:00:11 PM IST
Better way is to send E-mail to SEBI with a copy to Karvy.
226.5. SONMAYA  Jan 7, 2014 6:40:05 AM IST
Do write to sebi they give give reply..." one such case here in Mumbai one applicant has got shares along with refund order."...............despite his amount of rs.192375/- is lying in his bank a/c..............that means he has got profit of rs.200000/- .......May be time being.....,,
226.6. Vineeta Gupta  Jan 8, 2014 4:14:05 PM IST
Thank you CLD, navfame, SONMAYA for your kind replies. Does any one have idea about the turnaround time of SEBI?
226.7. P Badala  Jan 11, 2014 7:04:46 PM IST
It is adviseable that you send Email to SEBI along with Karvy and intimate To income tax authorities to check weather they have issued the subject PAN Number to Two persons once you know the answer,you can make out it is mistake by IT Depatement or some one is using freudently your PAN , second thing you may have entered your PAn correctly but there may be errer in uploading your detail though chances are remote. From income tax sight you can check the name of allottee of particular PAN.
225. AKBARI TANKAWALA  Jan 1, 2014 3:30:24 PM IST
224. HARRY PANJABI  Dec 23, 2013 6:25:53 PM IST
I have been allotted full what I applied for. It''s yet to be credited to my DEMAT Account. I would like to know if these could be sold immediately or there is some time we need to keep and then sell.
224.1. CLD  Dec 23, 2013 9:16:23 PM IST
You can sell on the day or there after when shares are credited into D,mat
223. SUMIT RATHI  Dec 20, 2013 1:21:31 PM IST

223.1. karorpati SE lakhpati  Dec 20, 2013 11:45:32 PM IST
check ur demat. if u have shares, u got it, if not u have not. also see ur refund
222. kaushik patel  Dec 20, 2013 10:12:23 AM IST
221. santonu  Dec 19, 2013 9:57:03 PM IST
Istead of OFS(Offer for sale) , stake sale should be done through FPO which gives chance to retail investor to earn something
220. SOMPRASH  Dec 19, 2013 5:36:36 PM IST
Coal India FPO is deffered for now.But expect FPO of Indian Oil in January.Best wishes for another PROFIT.
219. DEEPAK SHANI  Dec 19, 2013 4:26:48 PM IST
Where is Mr. M Gupta, who say looted and kooted.......
218. tigersher  Dec 19, 2013 3:03:56 PM IST
Now which ipo is next ?
any info on COAL INDIA FPO ?
217. tigersher  Dec 19, 2013 3:03:29 PM IST
made profit in IPO, after v long time.
Congrats to all
216. Siddharh Singh  Dec 19, 2013 1:36:42 PM IST
People who had sold in futures market expecting price to fall to 90 levels are buying today. All people who had applied are making money as the IPO was subscribed heavily by brokers who have cornered most of the shares. Stock is expected to do well till FNO expiry due on 26 Dec
215. MONEY HI MONEY  Dec 19, 2013 1:34:38 PM IST
Ankur why don t you by put of -Rs97.50 hovering around 40.paisa /45/paisa you will make lot of money if power grid goes to 95 Rs,
214. Siddharh Singh  Dec 19, 2013 1:30:06 PM IST
Sold 1029 share @ 101. I think it will go to 102 today.
214.1. anonymoues  Dec 19, 2013 2:41:53 PM IST
nai hua na 102? ab kal ke liye rakah he.kal bhi badh sakta he...
213. MONEY HI MONEY  Dec 19, 2013 12:34:59 PM IST
look P GRID Crosses 100/ Rs mark sit tight,
212. MONEY HI MONEY  Dec 19, 2013 12:09:15 PM IST
those who have not sold power grid fpo sh sit tight up to rs 115/ till Dec expiry,as i have not sold any shares,
212.1. Ankur Noida  Dec 19, 2013 12:55:24 PM IST
Those who smiles when stock is going north cries when stock is heading south. Brother book profits in small lots as F&0 OI shows expiry to be near 95 levels and not 115 levels
211. mehpra  Dec 19, 2013 10:00:49 AM IST
Anyone received refund (i mean for non-ASBA applications)?
211.1. S.kumars  Dec 19, 2013 10:26:14 AM IST
I got yesterday morning non asba refund
211.2. karorpati SE lakhpati  Dec 19, 2013 4:18:38 PM IST
So there some monekys in share market who do not used ASBA. little surprised
211.3. S.kumars  Dec 19, 2013 5:28:23 PM IST
idbi bank unable to bid asba ,though me used asba in all good issue from idbi bank ,now planing to open new account at icici bank only due to asba,
210. KSK  Dec 19, 2013 9:52:13 AM IST
209. VALUE INVESTOR  Dec 19, 2013 9:00:31 AM IST
I applied though i had bad experience with SCI FPO, Got 763 shares and made a cool profit of 9300Rs after brokerage. Made my day today...after long time i made profit in primary market...
208. S.kumars  Dec 19, 2013 8:53:49 AM IST
powergrid speciel dividend of rs.5/- next month,aam k aam ,guthaliyo k v daam ,great ,
208.1. friend  Dec 19, 2013 1:57:36 PM IST
S Kumar,
from where did u get this info?
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